To: LindyBill who wrote (22038 ) 4/4/2000 4:01:00 PM From: Esoteric1 Respond to of 54805
Rentech Lists on the American Stock Exchange Under Symbol 'RTK' Tuesday April 4, 1:30 pm Eastern Time Company Press Release SOURCE: Rentech, Inc. DENVER, April 4 /PRNewswire/ -- Rentech, Inc. (OTC Bulletin Board: RNTK - news) announced today its application for listing of its common stock on the American Stock Exchange (``AMEX') has been approved by the Exchange. The Company expects to commence trading on the AMEX Wednesday, April 5, 2000 under the ticker symbol ``RTK'. Trading of the Company's common stock on the Over-the-Counter Bulletin Board should be discontinued at the market close today. Dennis L. Yakobson, chairman, president and C.E.O of Rentech, Inc., commenting on the prospective AMEX listing stated: ``We are excited at the prospect of trading on the American Stock Exchange. We believe this listing, combined with the recent positive developments at Rentech and the growing interest in gas-to-liquids technologies, alternative fuels, and fuel cells will result in a higher profile in the investment community.' AMEX is the nation's second largest and most technologically advanced floor-based exchange. On the AMEX, trading is conducted through an advanced centralized specialist system combining the speed of computer-delivered orders with the liquidity-driven markets. The AMEX is structured to consolidate all incoming orders and channel trades for a particular stock through a single dealer, called a specialist. Rentech, Inc. incorporated in 1981, is the developer and licensor of a patented and proprietary Fischer-Tropsch, gas-to-liquids process, for conversion of synthesis gas made from natural gas, solid or liquid carbon bearing materials into high value fuels, products and chemicals. These products include cleaner burning, sulfur and aromatic free diesel fuel, naphtha and waxes. Moreover, multiple studies indicate that Fischer-Tropsch diesel may be an excellent fuel for fuel cells. Certain portions of this release may contain ``forward-looking' statements as defined by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements herein. For more information concerning factors that could cause such a difference, see the Company's annual report on Form 10-KSB and quarterly reports on Form 10-QSB, filed with the Securities and Exchange Commission. Although Rentech believes its statements to be reasonable, investors are cautioned that such forward-looking statements involve risk and uncertainties. The company undertakes no obligation to publicly release the result of any revisions to any such forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. For more information please contact: Mark Koenig, Director of Investor Relations, Rentech, Inc. at 303-298-8008 or E-mail at mkir@rentk.com, or see the Company's web site at: rentechinc.com . SOURCE: Rentech, Inc.